-When Price Is $8
A)quantity Demanded Is Greater Than Quantity

question 57

Multiple Choice

$\begin{array}{ccc}\text { Quantity Demanded } & \text { Price } & \text { Quantity Supplied } \\30 & \$ 10 & 64 \\40 & \$ 8 & 55 \\50 & \$ 6 & 50 \\60 & \$ 4 & 40 \\70 & \$ 2 & 20\end{array}$
-When price is $8

• A)quantity demanded is greater than quantity supplied and,therefore,price must fall to get to equilibrium price.
• B)quantity demanded is greater than quantity supplied and,therefore,price must rise to get to equilibrium price.
• C)quantity supplied is greater than quantity demanded and,therefore,price must fall to get to equilibrium price.
• D)quantity supplied is greater than quantity demanded and,therefore,price must rise to get to equilibrium price.

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Definitions:

Receivables

Receivables are amounts owed to a business by its customers for goods or services delivered on credit, considered a current asset on the balance sheet.

Day-to-Day Operations

The routine activities that are necessary for a business or organization to function efficiently on a daily basis.

Warehouse Financing

A form of inventory financing where loans are made to manufacturers and processors on goods stored in a warehouse as collateral.

Inventory Financing

A line of credit or loan dedicated to purchasing inventory, using the inventory itself as collateral.